Updated Storefront
For Sale
$215,000
626 Grand Avenue, Abilene, TX 79605
COMMERCIAL - Abilene, TX
Property Size1,066 SF
Lot Size0.15 Acres
Price / SF$201.69
Days on Market26
Property Features for 626 Grand Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
General Commercial
Parking features
Driveway, Alley, Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Park Heights Abi
Directions
Driving North down Sayles towards S 1st, turn Left on S 7th, Right on Grand Ave and the property will be on the left.
Standard status
Active
APN
31660
Size
1,066 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
PARK HEIGHTS ABL, BLOCK 2, LOT 11 & S16.6 OF 10
Legal Description
PARK HEIGHTS ABL, BLOCK 2, LOT 11 & S16.6 OF 10
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
handicap-accessible front entrance
central heating and air conditioning
concrete parking area
Building Details
Year built
1925
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
FiberCement, Concrete, WoodSiding
Roof type
Composition
Listing Agency:
RE/MAX Big Country · RE/MAX International
(325) 750-6188
Listed By:
Brandi Smith · License #0581442
(325) 750-6188
Added: Aug 3
Changed: Aug 19
Last Checked: Aug 28 at 10:06PM
MLS# 21345689
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,066-square-foot storefront property occupies a 0.151-acre lot at 626 Grand Avenue in Abilene. Constructed in 1925, the building is currently used as an antique store and has also housed a bookstore and hair salon. Improvements completed before the current ownership included electrical and plumbing updates, central heating and air conditioning, a water heater, flooring, and a concrete parking area.
The property has a handicap-accessible front approach with a ramp and offers parking through a driveway, alley, and parking lot. Public water and sewer serve the site, while the composition roof, vinyl flooring, and fiber cement, concrete, and wood siding provide additional building detail. General Commercial zoning applies; buyers should verify zoning and intended use with the City of Abilene.
The property has a handicap-accessible front approach with a ramp and offers parking through a driveway, alley, and parking lot. Public water and sewer serve the site, while the composition roof, vinyl flooring, and fiber cement, concrete, and wood siding provide additional building detail. General Commercial zoning applies; buyers should verify zoning and intended use with the City of Abilene.
Key Highlights
- 1,066 square feet on 0.151 acres
- Built in 1925 with updated electrical and plumbing systems
- Central heating and air conditioning, plus a newer water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,240
$181.2K
Cap Rate 7%
$129,457
$129.5K
Cap Rate 9%
$100,689
$100.7K
Market Conditions
NOI Build-Up for 1,066 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.1K $13.20/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$12.9K $12.14/SF
− OpEx
−$3.9K −$3.64/SF
NOI
$9.1K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,240
Cap Rate 7%
$129,457
Cap Rate 9%
$100,689
Alternative Uses
Best Use
Retail
$129.5K
$113.3K – $151.0K
NOI $9,062 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.0K
$208.3K – $277.7K
NOI $16,660 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated electrical and plumbing complement central HVAC, public utilities, and a ramped accessible entrance.
Where is this storefront property located?
The property is located at 626 Grand Avenue Abilene, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,066 square feet on 0.151 acres; Built in 1925 with updated electrical and plumbing systems; Central heating and air conditioning, plus a newer water heater
